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DB Realty soars on heavy volumes

The stock rallied 10% to Rs 60 after the company said it has received full occupation certificate for its project in suburban Mumbai.

SI Reporter Mumbai
D B Realty has soared 10% to Rs 59.55 on National Stock Exchange (NSE) on back of heavy volumes after the real estate developer said that it has received full occupation certificate for its project in the western suburb of Mumbai.

DB Woods, Goregaon (East), a development comprising 3 residential towers of 55 stories each and 630 flats, by a subsidiary company of D B Realty, has received Full Occupation Certificate, D B Realty said in a regulatory filing.

The project is the tallest residential development in the Mumbai suburbs. The company is proud to report the handover of the development to its customers, it added.

The stock opened at Rs 54.60 and touched a high of Rs 61.75 on NSE.  Till 1325 hours, a combined 958,040 shares changed hands against an average around 300,000 shares that were traded daily in past two weeks on NSE and BSE.
 
 

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First Published: Dec 26 2014 | 1:34 PM IST

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